The financial health of your small business reflects the health of your business. Hiring the right people to manage your financial performance will enhance the profitability, maximize the cash flow, and thereby provide an edge over your competitors. At some stage of your business life cycle you need to hire a financial professional. This should be as per your business … Continue reading
The way you do business has changed in the recent times. The world is indeed becoming a small global village where the consumers can buy products and services with just a few mouse clicks. Along with it has come the era of the cashless economy with more and more world economies adopting the plastic money and transitioning to e-payments. As … Continue reading
With Halloween and the Thanksgiving Day behind us the last few weeks of every year simply zooms by. The last few weeks of the year is usually spent on planning for the next year. However, ensure that you find time to go through the current year’s books and close it effectively and efficiently. One of the task that is of … Continue reading
With hardly a month to welcome the New year, its time businesses start planning for 2018. The businesses have to be financially prepared for the coming year by putting in place the various business strategies. Following are a few tips that will keep the business-up and running in the long way. 8 Tips to Bring in The New Year Revisit … Continue reading
A major concern faced by many small business owners today is the cost of their employees’ health insurance. As per the report released by the National Federation of Independent Business (NFIB) Research Foundation’s Small Business Problems and Priorities survey that takes into account the time period of last four years, the ever-increasing cost of health insurance is the top most … Continue reading
To make your brick ‘n’ mortar or an e-commerce small business a success you need to have a set of tools that will help you access your data from anywhere and at any time. When you are starting small you would be wary of the various expenses that are likely to be incurred and this makes you reluctant to try … Continue reading
Invoicing the customers is often a nightmare for small businesses. No doubt it’s a cumbersome task for those businesses who work with minimum number of employees. Again once the invoices land in the customer’s mailbox, there is no guarantee that it will be paid on time. This can be very frustrating after you going an extra mile to provide a … Continue reading
Electronic invoicing is fast replacing the paper-based invoices. As a small business owner, you should use an invoicing software that allows you to create a simple yet elegant invoice. An invoice should contain all the necessary information of your company as well as the quantity purchased and the rate per quantity on the invoice. Apart from that, it should also … Continue reading
A common practice of any business irrespective of its size is the capitalization of costs of an asset that it buys. To put it in simpler terms, capitalization means the cost of an asset that is written off in the balance sheet over a number of years. Also be aware that capitalization rule is applicable on all assets regardless of … Continue reading
As your small business grows you would be giving more attention on the operational excellence. Probably, the only team that may be left behind would be the finance team. This is the team that takes care of the cash in-flow and out-flow, forecast the spending and allots budget for the various departments. Communicate, motivate and revive the finance team by … Continue reading
